Thursday, February 23, 2012

FBMKLCI Futures - Daily Message 23 Feb 2012


FKLI bias turned down but it has to close below 1556 resistance level to keep bias intact.
Further support is at 1553, the gap of 17 Feb, and followed by 1547, the low of last week.
Yesterday's morning low of 1563 has now turned resistance and thereafter 1570, the high of the week.
The longer term trend is neutral to down.
The 21 day moving average is now at 1541.

R1/1563 R2/1570 R3/1580
S1/1556 S2/1553 S3/1547

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